Rudyard, MI Economy


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Rudyard, MI is a small town located in Chippewa county with a variety of local businesses to serve its residents. Local companies include a family-owned grocery store, hardware store, gas station, and diner. In terms of cost of living, Rudyard is much more affordable than the US average. At $900 for two bedroom rent it's far less expensive than the US average of $1,430 and the Grocery Cost Index for Rudyard is 89 against 100 in the US - showing that groceries are also cheaper in this area. Overall, Rudyard is an affordable place to call home that offers plenty of amenities to its citizens.

Rudyard has an unemployment rate of 7.3%. The US average is 6.0%.

Rudyard has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.

Tax Rates for Rudyard
- The Sales Tax Rate for Rudyard is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rudyard is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Rudyard
- The average income of a Rudyard resident is $25,694 a year. The US average is $28,555 a year.
- The Median household income of a Rudyard resident is $60,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRudyard, MichiganUnited States
  7.36
  -2.8%-6.2%
  18.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,230$37,638
  $60,625$69,021
  $74,438$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  10.3%6.8%
  7.0%10.0%
  0.0%2.5%
  15.1%11.0%
  2.3%4.8%
  1.8%0.8%
  0.0%1.9%
  1.8%4.7%
  1.1%1.9%
  0.7%7.6%
  0.0%0.1%
  6.5%4.2%
  16.4%9.3%
  7.7%14.0%
  3.6%2.1%
  7.6%7.0%
  1.4%4.8%
  15.1%4.7%
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